Gbp/usd - 1.6508 ... Despite early brief rise to 1.6625, subsequent retreat due to dollar's rebound against other major currency after the release of better-than-expected U.S. housing data n Bernanke's comments on economy pressured price to as low as 1.6467. Offers by European names are tipped at 1.6550/60, 1.6580/90 n 1.6610/20. On the downside, some bids are located at 1.6470 with stops seen below 1.6450 but more demand fm real money accounts are noted at 1.6420/25.
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